infbp22

BTC Update

KRAKEN:BTCUSD   Bitcoin
The price ended up retracing to the light blue ray I had from the last chart. Chances are we may dip below it temporarily, in this channel, could be anywhere from 7100-6800 (wide range i know) until we bounce out. If we can make it back up through those two trend lines, I'll be aiming for the top of the large yellow channel, around 8050-8150ish. Could go either way at this point. IF we do bounce back above the trend lines, the order books are pretty clear until the 8k range. I'm watching the slight divergence on the 4 hr as well as the seemingly increasing buy volume. Volume proceeds price... No positions currently though.
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